If the money supply is $600, the price level is $2, and real GDP is $300, the velocity of money is _____
a. 1
b. 150
c. 300
d. 600
e. 1,200
a
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If a marginal cost pricing rule is imposed on the natural monopoly in the figure above, then the consumer surplus will be
A) $0. B) $8 million. C) $16 million. D) $32 million.
Why might an increase in the minimum wage cause more unemployment among those with the least education, job experience and maturity?
What will be an ideal response?
The federal government budget deficits of the late 2000s were driven by:
a. foreign trade deficits. b. increases in government spending. c. declines in tax rates and tax revenue. d. excessive money growth. e. both b and c.
________ is the corporation's promise to repay the holder a fixed sum of money on the designated maturity date plus pay the lender periodic interest until that date
a. A mutual fund b. A corporate stock c. A bond d. An annuity